New Orleans Office Tower Acquisition

Phase 1 Environmental Site Assessment - Louisiana

Project Need

Environmental due diligence was required for a real estate developer before acquiring a former office building in New Orleans, Louisiana. The buyer needed a fast Phase I ESA turnaround to meet the real estate closing date within one week.

Services Completed

The team at Lord & Winter, LLC performed a Phase I Environmental Site Assessment and completed it to ASTM 1527 standards. The Site Assessment revealed one Recognized Environmental Condition (REC) and a Phase II Limited Site Investigation was recommended by Lord and Winter.

Issue Resolved

Lord & Winter evaluated the Subject Property to determine whether Recognized Environmental Conditions (RECs) were associated with historical use. Our report allowed the client to assess the environmental business risk associated with the Subject Property. The work was completed within five days, and the acquisition moved forward on time.

Photo by Ben Dutton on Unsplash

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Environmental planning is critical to a development project's success

Compliance should be a top priority for any commercial development team. If you overlook local, state, or federal regulations, you could inadvertently violate pertinent environmental compliance laws, exposing your organization to civil liability and fines. Lord & Winter’s environmental planning services can help your team stay apprised of all relevant regulations.

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Under federal regulations such as the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), entities that contaminate the environment can be held responsible for remediation costs.

While certain development activities and land uses are bound to cause some level of environmental contamination, environmental planning can help your organization minimize the severity of this contamination.

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Minimizing your development’s environmental impact will also preserve resources both on-site and adjacent to your land. Lord & Winter’s environmental planning services include an assessment of adjacent resources, including waterways, communities, and vacant land. You can better minimize your environmental footprint by increasing your awareness of these resources and your potential impact on them.

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Lord & Winter’s environmental planning services can assist with both aspects of your initiative. When providing environmental planning assistance, we systematically identify key ecological concerns that may impact your business.

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